A Louisiana appellate court has affirmed a finding that a parish’s attempt to increase 2016 property tax millages was invalid due to its failure to adhere to statutory notice requirements. The court noted that the adoption of two separate ordinances by a tax recipient body to increase its millage rate in excess of the rates […]

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For taxable years beginning after December 31, 2018, the Hawaii corporate income and personal income tax provisions allowing a credit for a percentage of the motion picture, digital media, and television film production costs incurred in Hawaii have been amended to: — extend the sunset date for the current version of the credit provisions to […]

The post Hawaii ~ Corporate, Personal Income Taxes: Motion Picture, Digital Media, and Film Production Credit Provisions Amended appeared first on Tax & Accounting Blog.

Gov. Jay Inslee has signed excise tax legislation, including new sections covering business and occupation tax (B&O) exemption for agricultural fertilizer and seed, as well as tax relief for silicon smelters. Other highlights include: Tax credits provided to businesses in main street communities to promote contributions to main street programs and enhance community and economic […]

The post Washington ~ Multiple Taxes: Governor Signs Revenue Legislation appeared first on Tax & Accounting Blog.

Beginning on July 1, 2017, the Motor Fuel Tax Law, 35 ILCS 505/1, et seq., requires liquefied natural gas (LNG) to be reported using diesel gallon equivalents (DGEs). Fuel distributors are required to sell LNG used as motor fuel in DGEs and to sell compressed natural gas (CNG) used as motor fuel in gasoline gallon […]

The post Illinois ~ Motor Fuel Tax: Motor Fuel Reporting Requirements Changed appeared first on Tax & Accounting Blog.

Hawaii legislation has been enacted that changes the personal income tax rates, establishes a state earned income tax credit, and repeals the sunset date for prior amendments made to the food/excise tax credit. Tax Rates For taxable years beginning after 2017, 9%, 10%, and 11% tax brackets will return for married taxpayers filing jointly and […]

The post Hawaii ~ Personal Income Tax: Tax Rate Changes, New Earned Income Tax Credit, and Food/Excise Tax Credit Changes Enacted appeared first on Tax & Accounting Blog.

The Connecticut Department of Revenue Services advises that the 2017 back-to-school sales tax holiday will be held from August 20 to August 26, 2017. During the holiday, many items of clothing and footwear sold for less than $100 are exempt from Connecticut sales and use tax. The one-week exclusion applies to clothing sales made by […]

The post Connecticut ~ Sales and Use Tax: 2017 Back-to-School Holiday Will Be Held August 20-26 appeared first on Tax & Accounting Blog.